What is the simple interest on ₹12,000 at 6% per annum for 5 years?

Simple Interest · Quantitative Aptitude · Easy · Practice for SSC CGL Tier 1

What is the simple interest on ₹12,000 at 6% per annum for 5 years?

  1. ₹5,040
  2. ₹4,680
  3. ₹2,880
  4. ₹3,600
Answer and solution

Correct answer: D) ₹3,600

SI = P × R × T / 100 = 12,000 × 6 × 5 / 100 = ₹3,600.

Learn the method: Simple Interest rules and worked examples · SSC CGL Tier 1 Quantitative Aptitude

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